22 August 2024: 16:30 BST
Vitol made Equinor’s dreams come true in the North Sea, with the Nordics finally selling a Sep 11-13 Johan
Sverdrup at Dated -95c. They’ve been trying to shift the medium sour for days. One could say they had no
light streams to placate benchmark fires but at least tried to sell some oil and Vitol obliged. The only other
action came from Shell’s offering of a Sep 22-26 Midland at Dated +$2.95 but they found no takers, just
below Total’s most recent purchase two days ago. So, the fizz is coming off the balloon.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
For any comments, please reach out to us through the emails provided in the signed documents.
